Atom Investors LP Has $852,000 Holdings in eBay Inc. (NASDAQ:EBAY)

Atom Investors LP increased its holdings in eBay Inc. (NASDAQ:EBAY) by 142.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,093 shares of the e-commerce company’s stock after buying an additional 7,702 shares during the period. Atom Investors LP’s holdings in eBay were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its position in eBay by 325.4% in the first quarter. Cetera Investment Advisers now owns 79,151 shares of the e-commerce company’s stock valued at $4,178,000 after acquiring an additional 60,544 shares during the last quarter. Cetera Advisors LLC grew its holdings in shares of eBay by 106.7% during the 1st quarter. Cetera Advisors LLC now owns 13,777 shares of the e-commerce company’s stock valued at $727,000 after purchasing an additional 7,112 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in eBay by 41.2% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 884 shares of the e-commerce company’s stock worth $47,000 after purchasing an additional 258 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in eBay during the 2nd quarter worth approximately $26,000. Finally, Park Avenue Securities LLC lifted its stake in eBay by 7.5% in the 2nd quarter. Park Avenue Securities LLC now owns 11,352 shares of the e-commerce company’s stock valued at $610,000 after purchasing an additional 795 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EBAY has been the topic of a number of research reports. Daiwa America raised shares of eBay to a “hold” rating in a research note on Wednesday, August 14th. Barclays lowered their target price on eBay from $65.00 to $64.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Piper Sandler lifted their price target on eBay from $64.00 to $67.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on eBay from $56.00 to $64.00 and gave the company a “hold” rating in a research note on Monday, October 28th. Finally, Bank of America dropped their price objective on shares of eBay from $67.00 to $64.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, eBay has a consensus rating of “Hold” and a consensus target price of $62.87.

Insider Activity

In related news, SVP Cornelius Boone sold 3,974 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $64.61, for a total value of $256,760.14. Following the transaction, the senior vice president now directly owns 70,113 shares in the company, valued at $4,530,000.93. This trade represents a 5.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Stephen J. Priest sold 25,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $63.91, for a total transaction of $1,597,750.00. Following the sale, the chief financial officer now owns 70,332 shares of the company’s stock, valued at $4,494,918.12. This trade represents a 26.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,016 shares of company stock worth $3,015,417 in the last three months. Company insiders own 0.38% of the company’s stock.

eBay Price Performance

eBay stock opened at $62.94 on Wednesday. The stock has a market capitalization of $30.15 billion, a price-to-earnings ratio of 15.81, a PEG ratio of 1.66 and a beta of 1.35. eBay Inc. has a 52-week low of $40.16 and a 52-week high of $67.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.25 and a current ratio of 1.25. The stock’s 50 day moving average price is $63.57 and its two-hundred day moving average price is $58.58.

eBay Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 29th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.72%. eBay’s dividend payout ratio (DPR) is presently 27.14%.

eBay Company Profile

eBay Inc, together with its subsidiaries, operates marketplace platforms that connect buyers and sellers in the United States, the United Kingdom, China, Germany, and internationally. The company’s marketplace platform includes its online marketplace at ebay.com, off-platform businesses, and the eBay suite of mobile apps.